Stock of the Day: What’s Next for ServisFirst Bancshares, Inc. After Reaching All-Time High?

November 29, 2016November 29, 2016Linda Rogers

The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) reached all time high today, Nov, 29 and still has $75.84 target or 4.00% above today’s $72.92 share price. This indicates more upside for the $1.91 billion company. This technical setup was reported by Barchart.com. If the $75.84 PT is reached, the company will be worth $76.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 136,191 shares traded hands or 27.24% up from the average. ServisFirst Bancshares, Inc. (NASDAQ:SFBS) has risen 43.51% since April 26, 2016 and is uptrending. It has outperformed by 38.25% the S&P500.

Analysts await ServisFirst Bancshares, Inc. (NASDAQ:SFBS) to report earnings on January, 23. They expect $0.70 earnings per share, down 5.41% or $0.04 from last year’s $0.74 per share. SFBS’s profit will be $18.34 million for 26.04 P/E if the $0.70 EPS becomes a reality. After $0.78 actual earnings per share reported by ServisFirst Bancshares, Inc. for the previous quarter, Wall Street now forecasts -10.26% negative EPS growth.

ServisFirst Bancshares, Inc. (NASDAQ:SFBS) Ratings Coverage

Out of 3 analysts covering ServisFirst Bancshares (NASDAQ:SFBS), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. ServisFirst Bancshares has been the topic of 8 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Raymond James downgraded the shares of SFBS in a report on Tuesday, October 18 to “Market Perform” rating. The stock of ServisFirst Bancshares, Inc. (NASDAQ:SFBS) earned “Outperform” rating by Raymond James on Monday, October 5. Hovde Group maintained the stock with “Market Perform” rating in Tuesday, October 18 report. The rating was upgraded by Raymond James on Tuesday, August 25 to “Outperform”. The company was downgraded on Thursday, October 1 by Sandler O’Neill. Hovde Group downgraded ServisFirst Bancshares, Inc. (NASDAQ:SFBS) on Tuesday, October 13 to “Market Perform” rating. The firm earned “Underperform” rating on Friday, November 18 by Hovde Group.

Another recent and important ServisFirst Bancshares, Inc. (NASDAQ:SFBS) news was published by Prnewswire.com which published an article titled: “ServisFirst Bancshares, Inc. Announces Two-For-One Stock Split” on November 16, 2016.

SFBS Company Profile

ServisFirst Bancshares, Inc., incorporated on August 16, 2007, is a bank holding company. The Company, through its subsidiary, ServisFirst Bank (the Bank), operates approximately 18 banking offices located in Jefferson, Shelby, Madison, Montgomery, Houston and Mobile Counties of Alabama, Escambia County, Florida, Cobb and Douglas Counties of Georgia, Charleston County of South Carolina and Davidson County, Tennessee in the metropolitan statistical areas (MSAs) of Birmingham-Hoover, Huntsville, Montgomery, Dothan and Mobile, Alabama, Pensacola-Ferry Pass-Brent, Florida, Atlanta-Sandy Springs-Roswell, Georgia, Charleston-North Charleston, South Carolina and Nashville-Davidson-Murfreesboro-Franklin, Tennessee. Through its bank, the Company originates commercial, consumer and other loans and accepts deposits, provides electronic banking services, such as online and mobile banking, including remote deposit capture, delivers treasury and cash management services, and provides correspondent banking services to other financial institutions. The Firm also offers a range of services and products, including around the clock telephone banking, direct deposit, Internet banking, mobile banking, traveler’s checks, safe deposit boxes, attorney trust accounts and automatic account transfers. It also participates in a shared network of automated teller machines (ATMs) and a debit card system that its clients are able to use throughout Alabama and in other states. Additionally, it offers Visa credit cards.